On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:

There's no reason why truly
not-for-profit companies couldn't handle the job.

That's a great idea, don' know why I didn't think of it first. Let's
put together a group of like minded entrepreneurs, invest some money,
and start a private not-for-profit company to do this.

Oh wait, what's our incentive? How do we get compensated for our
time, effort and risk?

The devil is always in the details.

Marx and Lenin founded an economic system with no incentives for risk
and effort. We all know how that turned out.

wf3h wrote:
On Oct 14, 6:07 pm, Vic Smith wrote:
On Wed, 14 Oct 2009 17:45:08 -0400, H the K





wrote:
Dow closes above 10,000 for 1st time in a year
By SARA LEPRO and TIM PARADIS, AP Business Writers
NEW YORK ? When the Dow Jones industrial average first passed 10,000,
traders tossed commemorative caps and uncorked champagne. This time
around, the feeling was more like relief.
The best-known barometer of the stock market entered five-figure
territory again Wednesday, the most visible sign yet that investors
believe the economy is clawing its way back from the worst downturn
since the Depression.
The milestone caps a stunning 53 percent comeback for the Dow since
early March, when stocks were at their lowest levels in more than a decade.
"It's almost like an announcement that the bear market is over," said
Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That
is an eye-opener ? 'Hey, you know what, things must be getting better
because the Dow is over 10,000.'"
Cheers went up briefly when the Dow eclipsed the milestone in the early
afternoon, during a daylong rally driven by encouraging earnings reports
from Intel Corp. and JPMorgan Chase & Co. The average closed at
10,015.86, up 144.80 points.
It was the first time the Dow had touched 10,000 since October 2008,
that time on the way down.
I'm sure the millions of unemployed are just tickled pink about this
news.

--Vic- Hide quoted text -

- Show quoted text -

obama can't repair ALL the damage bush did in a few short months...

Bush and the Democrats running the Senate?

Don White wrote:
"Jim" wrote in message
...
H the K wrote:
On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.
What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood

Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


You are beginning to sound like Princess Little Feather. You want a
private, not for profit company to fund a government managed health plan.
Sure. I want in. Where do I sign up?

Right here..cupcake. That's exactly what we have in Nova Scotia.
Medavie Blue Cross administers our MSI, Seniors Pharmacare, Family Drug
Plan & Childhood Dental Plan + the Diabetes Program



Crappy health care at a premium price! And, no, it's not "free".

wrote in message
...
On Thu, 15 Oct 2009 09:51:08 -0700, "nom=de=plume"
wrote:

It's foolish in the extreme
to attempt to time the market. The best strategy is dollar cost averaging
and diversification, both domestically and in foreign markets.


I always hear that but it is also foolish to simply buy and hold.
There are trends you can follow and indications of when a market is
overpriced and I think it is overpriced right now. Irrational
exuberance might notch it up incrementally higher but we don't really
have the recovery at this point to justify the current stock prices.
They call employment a lagging indicator but that assumes there is
something in the pipe that will stimulate hiring and I don't see it.
You can hold and buy this market down but I prefer to take some off
the table and buy back in after the dip.


Never said you should buy and hold. There's frequently an opportunity to
make informed choices and to move investments around to maximize the
likelihood of reaching your goal.

It's not an uncommon thought that the market is overpriced. I've heard this
several times on the business shows. The problem is that if you get out now,
you might miss a lot of the upside. On the other hand, if you don't get out,
at some point you'll hit the downside. That's why dollar cost averaging
works. You don't have to worry too much about when to get in or get out.
Averages are your friend. Part of a wise investment strategy is having some
decent amount of liquidity. I don't know what the recommendation is these
days, but I, for example, have about a year in liquid savings. It's part of
my strategy. I can dip into it for various reasons, one of which might be
trying to time a dip in the market.

--
Nom=de=Plume

On Oct 15, 5:07*pm, "Don White" wrote:
"nom=de=plume" wrote in message

...





"Tosk" wrote in message
...
In article , says....

H the K wrote:
On 10/15/09 12:44 PM, wf3h wrote:
On Oct 15, 11:59 am, H the *wrote:
On 10/15/09 11:50 AM, wf3h wrote:

On Oct 15, 11:32 am, John * *wrote:
On Wed, 14 Oct 2009 18:54:11 -0700 (PDT),

wrote:

obama can't repair ALL the damage bush did in a few short
months...

With the amount of money he's going through, he should be able to
do a
lot better than he is.

meaningless. the fact is most of the money has not yet been spent

Where are all the infrastructure projects he was going to get
going?

ROFLMAO!! you know, i'm an engineer and when i see an idiot like
you
make a comment like that, it just confirms my view of the right
wing.
you've never worked on an engineering project, have you?
\

Herring claims he was a combat engineer or something like that
during
the war he helped lose in Vietnam. Maybe he helped clear minefields.

As an aside, I have seen signs in Maryland proclaiming that all or
part
of the projects being described was funded with stimulus funds.

In Virginia, it took about 1 second to find this:

Published:23-July-2009

By WCIN Staff Writer

The Commonwealth of Virginia will receive $4.8 billion from ARRA.

exactly. *they WILL receive funds...they then have to plan the
project, get rights of way, buy property, order material...etc etc
etc...

the morons of the right assume that roads just drop out of the sky..
the rest of us know they have to be built

Morons of the right is so...right.
We certainly have a plethora of them in here...John Herring being a
prime example. But...his buddy Scott Ingersoll is even dumber.

You mutts seem to run in packs.

Harry is real brave under his desk. He had his chance to meet up and get
his beating this summer with me and loogie, but like most little
bitches, he ran for the hills. Seems all of these far lefties are
cowardly little bitches with nothing to add to much of anything...

You sound like a paper tiger... I sincerely doubt you'd have the guts to
say anything like this to my face, and I'm not much of a match physically.
It sure is easy to lie when you don't have to face someone. You must be
quite the manly man with women.

--
Nom=de=Plume

You have 'The Freak' act figured out.
Wish I had saved the correspondence when the Basskisser was threatening to
visit him at his moldy workshop.
The Freak had lined up every able bodied man, woman and child to put between
himself and the Basskisser.
It was priceless...a great idea for a comedy skit.- Hide quoted text -

- Show quoted text -

Don, you forgot to add TOP BASS DOG...who now fights fights for the
little FAGGOT SCOTTY INGERSOLL.
Top Bass Dickhead took our arguement to another NG in an attempt to do
something....I dont know what. Subjecting innocent folks to this
arguement shows less class than I'm exhibiting. But, my behaviour here
is for a good cause...to expose SCOTTY INGERSOLL for what he IS....a
COWARD FAGGOT COCKSUCKER.

On Thu, 15 Oct 2009 22:11:26 -0400, wrote:

Even if my stock picking sucks and there is still a lot of up side, I
would still say the smart money would want their profit in after tax
money at the current tax rate, not what we will be paying when
congress wakes up and figures out we are broke.

If you pull everything out of the market then you're at risk with a
weak dollar/inflation scenario. It's not an easy decision right now
but strategic metals and oil should do OK unless we have a global
depression. Cash is king in a depression of course, but which
currency and how to invest in it, is an interesting problem.

"Wayne.B" wrote in message
...
On Thu, 15 Oct 2009 22:11:26 -0400, wrote:

Even if my stock picking sucks and there is still a lot of up side, I
would still say the smart money would want their profit in after tax
money at the current tax rate, not what we will be paying when
congress wakes up and figures out we are broke.

If you pull everything out of the market then you're at risk with a
weak dollar/inflation scenario. It's not an easy decision right now
but strategic metals and oil should do OK unless we have a global
depression. Cash is king in a depression of course, but which
currency and how to invest in it, is an interesting problem.


I wouldn't put all my chickens in the basket of metals and oil. Some is
fine.

--
Nom=de=Plume

nom=de=plume wrote:
"Wayne.B" wrote in message
...
On Thu, 15 Oct 2009 22:11:26 -0400, wrote:

Even if my stock picking sucks and there is still a lot of up side, I
would still say the smart money would want their profit in after tax
money at the current tax rate, not what we will be paying when
congress wakes up and figures out we are broke.
If you pull everything out of the market then you're at risk with a
weak dollar/inflation scenario. It's not an easy decision right now
but strategic metals and oil should do OK unless we have a global
depression. Cash is king in a depression of course, but which
currency and how to invest in it, is an interesting problem.


I wouldn't put all my chickens in the basket of metals and oil. Some is
fine.


Be quiet and listen to Wayne, Sweetie. He knows what he is talking about.

On Thu, 15 Oct 2009 19:56:09 -0400, Wayne.B wrote:

On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:

There's no reason why truly
not-for-profit companies couldn't handle the job.

That's a great idea, don' know why I didn't think of it first. Let's
put together a group of like minded entrepreneurs, invest some money,
and start a private not-for-profit company to do this.

That's exactly how Blue Cross\Blue Shield started, and some of them are
still non-profit.

Oh wait, what's our incentive? How do we get compensated for our time,
effort and risk?

The devil is always in the details.

Marx and Lenin founded an economic system with no incentives for risk
and effort. We all know how that turned out.

thunder wrote:
On Thu, 15 Oct 2009 19:56:09 -0400, Wayne.B wrote:

On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:

There's no reason why truly
not-for-profit companies couldn't handle the job.
That's a great idea, don' know why I didn't think of it first. Let's
put together a group of like minded entrepreneurs, invest some money,
and start a private not-for-profit company to do this.

That's exactly how Blue Cross\Blue Shield started, and some of them are
still non-profit.

Oh wait, what's our incentive? How do we get compensated for our time,
effort and risk?

The devil is always in the details.

Marx and Lenin founded an economic system with no incentives for risk
and effort. We all know how that turned out.


I know of a non profit that was aquired, merged, what ever you want to
call it. the $25 mil in non profitable assets was partially distributed
amongst the high level management. I suppose the IRS cannot claim any of
that money.